USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.27% against the CHF and closed at 0.9100, as Fed policymakers’ indication for a support to continuing stimulus measures triggered a sell-off in the US Dollar.
In the Asian session, at GMT0400, the pair is trading at 0.9106, with the USD trading 0.07% higher from yesterday’s close.
The pair is expected to find support at 0.9085, and a fall through could take it to the next support level of 0.9065. The pair is expected to find its first resistance at 0.9131, and a rise through could take it to the next resistance level of 0.9157.
Switzerland’s consumer inflation data would be keenly watched, with traders expecting a decline of 0.2% (YoY) in October.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
